"The divestment which sees us divesting our non-core asset resonates well with our recycling strategy to rebalance and strengthen the growth potential of our Japan portfolio," said Yong Yean Chau, chief executive officer of Parkway Trust Management Ltd, the manager of the REIT.
All operations at RWG, except essential resort-based services such as security, bomba, utilities and clinics, will not be operational.
“The company immediately imposed a halt in production activities as a precautionary and preventive measure to contain the possible spread of the virus, as well as to carry out sanitation and disinfection for the premises.”
Upside risk: overall recovery in retail malls. Downside risk: prolonged lockdown measures.
As such, WCT said it will continue to pursue its legal rights in respect of the final award — which was issued by the Arbitral Tribunal in 2015 when it initiated arbitration proceedings against Meydan in 2009 over the cancellation of the RM4.6 billion race course project in Dubai — including the enforcement of the same.
Selangor reported today the highest daily number of new cases at 673.
Nine Covid-19-related deaths were reported today, and Penang emerged among the top three contributors of new daily cases in the nation.
"Beginning from Jan 1, 2021 until June 30, 2021, the government has approved an ICPT (Imbalance Cost Pass-Through) rebate of two sen/kWh for all customers including domestic customers with monthly consumption of 300kWh and below.”
Kossan halted operations at the plant from Dec 4 after 427 employees tested positive during company-wide screenings of closed to 7,000 employees.
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